Yahoo Finance Lattice Semiconductor (LSCC) Crossed Above the 20-Day Moving Average: What That Means for Investors
Lattice Semiconductor (LSCC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LSCC broke through the 20-day moving average, which suggests a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.
LSCC has rallied 5.1% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests LSCC could be on the verge of another move higher.
The bullish case solidifies once investors consider LSCC's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on LSCC for more gains in the near future.
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